In 2024, Formosa Petrochemical completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Formosa Petrochemical has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 23,228,203.5a | 24,004,680a | 24,000,547a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 196,930.5a | 181,692a | 423,554a | |
Total Scope 3 | N/A | 64,410,523a | 57,911,749a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,146.3163a | 1,033.4199a | 869.6585a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Formosa Petrochemical amounted to 23,425,134 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Formosa Petrochemical decreased by 3.15%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Formosa Petrochemical were 23,228,203.5 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Formosa Petrochemical's Scope 1 emissions have decreased by 14.78%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Formosa Petrochemical's Scope 1 emissions decreased by 3.23%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Formosa Petrochemical reported Scope 2 greenhouse gas (GHG) emissions of 196,930.5 tCO₂e without specifying the calculation method.a
Since 2019, Formosa Petrochemical's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 44.62%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Formosa Petrochemical's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Formosa Petrochemical's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Formosa Petrochemical reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Formosa Petrochemical reported Scope 1 greenhouse gas (GHG) emissions of 23,228,203.5 tCO₂e and total revenues of USD 20,263 millions. This translates into an emissions intensity of 1,146.32 tCO₂e per millions USD.a
In 2024, Formosa Petrochemical reported a Scope 1 emissions intensity of 1,146.32 tCO₂e per millions USD. Compared to the peer group median of 193.5, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Formosa Petrochemical ranked 26 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Formosa Petrochemical among the least efficient performers, with one of the highest emissions intensities in its sector.a